Common use of Restriction on Payments Clause in Contracts

Restriction on Payments. Developer covenants and agrees that until the Completion Date, Developer shall not declare or pay any dividends or make any other distributions to any members of Developer or their respective Affiliates except:

Appears in 3 contracts

Samples: Development Agreement (MGM Mirage), Development Agreement (Circus Circus Enterprises Inc), Development Agreement (Circus Circus Enterprises Inc)

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Restriction on Payments. Developer covenants and agrees that until ----------------------- the Completion Date, Developer shall not declare or pay any dividends or make any other distributions to any members of Developer or their respective Affiliates except:

Appears in 1 contract

Samples: Development Agreement (MGM Grand Inc)

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Restriction on Payments. Developer covenants and agrees that ----------------------- until the Completion Date, Developer shall not declare or pay any dividends or make any other distributions to any members of Developer or their respective Affiliates except:

Appears in 1 contract

Samples: Development Agreement (Mandalay Resort Group)

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